BitMine Immersion TechnologiesBMNR +1.48%54 Gross Margin % is 87.08% as of Feb. 2026, which is 96656% above its 10-year median of 0.09. GuruFocus rates BMNR with a GF Score™ of 54/100 and a GF Value™ of $19.77 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 620 Capital Markets companies, BitMine Immersion Technologies ranks better than 67.26% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
BitMine Immersion Technologies had a gross margin of 87.08% for the quarter that ended in Feb. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
BitMine Immersion Technologies Gross Margin % Related Terms
BitMine Immersion Technologies Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Capital Markets subindustry, BitMine Immersion Technologies's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BitMine Immersion Technologies Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BitMine Immersion Technologies's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
BitMine Immersion Technologies (BMNR) has a Gross Margin % of 87.08% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on BitMine Immersion Technologies and its competitors. This is 96656% above median its historical median of 0.09. According to the industry distribution chart, BitMine Immersion Technologies ranks #203 out of 620 companies in the Capital Markets industry, placing it in the top 32.7%.
Is BitMine Immersion Technologies' Gross Margin % too high?
BitMine Immersion Technologies' current Gross Margin % of 87.08% is 96656% above median its 10-year median of 0.09. The Capital Markets industry median Gross Margin % is 49.63. BitMine Immersion Technologies' value of 87.08% is 75.5% above this industry median. Based on the distribution chart, BitMine Immersion Technologies ranks #203 out of 620 companies in the Capital Markets industry, which is above the industry midpoint. Overall, BitMine Immersion Technologies has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BitMine Immersion Technologies' Gross Margin % compare to XP and FIGR?
According to the Capital Markets industry distribution chart, BitMine Immersion Technologies ranks #203 out of 620 companies for Gross Margin %. This puts BitMine Immersion Technologies in the upper half of its industry. The industry median Gross Margin % is 49.63. BitMine Immersion Technologies' value of 87.08% is 75.5% above this benchmark. While the company's 10-year median is 0.09 vs. the industry median of 49.63, BitMine Immersion Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.63, based on 620 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BitMine Immersion Technologies's current Gross Margin % of 87.08% is 75.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on BitMine Immersion Technologies and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BitMine Immersion Technologies's current Gross Margin % is 87.08%, which is 96656% above median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BitMine Immersion Technologies stock overvalued right now?
Based on GuruFocus' analysis, BitMine Immersion Technologies (BMNR) is currently considered Modestly Undervalued. The stock's GF Value™ is $19.77, compared to a current price of $14.36 — trading 27.4% below its estimated fair value. The current Gross Margin % is 87.08%, which is 96656% above median its 10-year median of 0.09 and 75.5% above the Capital Markets industry median of 49.63. BitMine Immersion Technologies' overall GF Score™ is 54/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For BitMine Immersion Technologies (BMNR), the current Gross Margin % is 87.08% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BitMine Immersion Technologies (BMNR) Overvalued in 2026?
Based on GuruFocus' analysis, BitMine Immersion Technologies stock appears to be undervalued.
The current stock price of $14.36 is trading 27.4% below its estimated GF Value™ of $19.77.
GuruFocus considers BitMine Immersion Technologies to be Modestly Undervalued.
Key valuation signals for BMNR:
Gross Margin %: 87.08% (96656% above median its 10-year median of 0.09)
GF Value™: $19.77 vs. price of $14.36 (27.4% below fair value)
Industry Position: 75.5% above the Capital Markets median (#203 of 620)
No single metric tells the full story. See the BMNR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BitMine Immersion Technologies Business Description
BitMine Immersion Technologies Inc is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by its Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin Mining, Synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine's operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.
54GF Score
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